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Barchart
Mark R. Hake, CFA

NVDA Stock Looks Cheap to Value Buyers Based on its Huge FCF Margins

Nvidia Inc. (NVDA) reported strong Q3 free cash flow margins and analysts have raised their revenue forecasts. This means NVDA stock could be undervalued by 26% with a price target of $179 per share. Shorting OTM puts is attracting interest.

NVDA is at $142.19 in midday trading on Friday, Nov. 22. This is down from its recent peak of $148.88 on Nov. 7. It's been treading water, but could be due for a rebound, based on its strong results.

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